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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (16919)	3/17/2002 6:41:08 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

Those are ordinary business cycles. Nothing catastrophic like you guys keep predicting. We've been having an ordinary recession for a while now. I'll tell you why I think we've turned around. I can't find a coupon for Staples or Office Depot or Office Max. Last year any time I wanted to buy office supplies, I could find a coupon, $5 off a $50 purchase, $10 off a $100 purchase, and so on. Now I have been waiting until I need a lot of office supplies, only no coupons anywhere.

To: elmatador who wrote (16919)	3/19/2002 1:27:12 AM
From: marcos	Read Replies (1) \| Respond to of 74559

'Paul Hawken's "The Next Economy" published 1983' ... that's quite a little book isn't it, haven't picked it up for years but just now dusted it off .... he was so right-on on so many things, definitely helped me to clear my head after getting caught with too much real estate and too little cash when the interest rates went through the roof in '81 ... he was right about the new economy, information over mass, services over hard goods, etc Interesting worthwhile book, and i ignored it completely ... which was the rational move imho, considering the situation - by that time, late '83 or early '84 when i read it, the whole old-economy business of mass goods in which i was involved had crashed quite completely, logs were selling for about a third of their 1980 price, heavy equipment was going for nothing, you couldn't give land away if you put a cherry on top .... so finding myself lucky enough to have a small contract providing income, i bought land, nothing down and just made the payments on an agreement for sale, didn't make them all that regularly either, didn't have the money at more than a few month-ends ... but, hung onto it, and inside of six years the timber on the land had grown some, the price of logs had doubled, and all of a sudden people were wanting hobby-farm acreage again ... it worked out, really well, and return on original capital from its sum of around zero was quite infinite -g- .... along the way, got really lucky on a gold stock not two years after reading Hawken's book People are always going to want wood, and they're always going to want gold, imho, and the markets in wood and gold will go up and down and up and down ad infinitum ... which takes nothing away from H's thoughts, yes i'd recommend his book to anybody